New Causeway Community Financial Fund has started approving loans that are low-interest help end cycle of debt
Organizers of a program that is new people get from the pay day loan cycle of financial obligation were overwhelmed with applications from Ottawa residents.
“It had been quite overwhelming,” said Doug Pawson, aided by the Causeway Perform Centre, a community that is non-profit in Ottawa..
“We received lots of inquiries and it’s really been difficult to work out who could we provide and whom we cannot.”
The Causeway Work Centre launched the program that is new November, using the services of three credit unions in Ottawa to produce a $100,000 fund, offering up little loans at low-value interest so individuals can avoid pay day loans, or repay their present debt.
Nobody held a weapon to my mind to re-borrow, but how will you survive absolutely nothing if you are currently surviving on hardly any in the first place